Glencore, the world’s largest commodity corporation, is suspected of corruption in the Democratic Republic of the Congo and is expected to be sued on that basis. A Glencore subsidiary is said to have paid $ 6 million annually since 2013 to a company in the Democratic Republic of the Congo, on a quid pro quo basis. ... →
In May this year, commodity giants BP and Glencore, as well as their investors, received an open letter from the British environmental organization ClientEarth that questioned the predictions of the two companies about the future demand for oil and coal. The basis for which is the ExxonMobil Group, against whom the New York Public Prosecutor’s Office (NYC) brought a case in relation to the company’s knowledge of and failure to disclose climate change information. ... →
The Swiss-based mining company Glencore, has given up looking for survivors after a wall collapse at their open-pit Katanga mine in the Democratic Republic of Congo
After 10 days of searching the mining firm has finally given up looking for survivors of this incident as it has given up hope of finding anyone left alive. Ivan Glasberg, the CEO, of Glencore made a statement on 17 March 2016 in which he expressed his condolences and noted that they would “continue to work relentlessly to improve health and safety across the group.” ... →
In February 2015, Glencore´s joint venture with Dan Gertler´s Fleurette Group, Mutanda Mining, acquired a further concession for copper and cobalt mining in the Democratic Republic of Congo. The state mining company Gécamines held 30% of the Kawama concession, while Dino Steel International held the rest. They received $10 million and $20 million respectively for their shares. ... →
While the UN prepares for a new climate agreement in Paris and the G7 nations make the first clear steps towards climate change mitigation, Glencore has been using the low coal prices to acquire additional mining areas.
According to Glencore, coal continues to be the cheapest means to generate energy. Despite the current downturn, the company is certain that the demand in the coming years will increase, especially in so-called developing countries. ... →
The role of Colombia as a worldwide exporter of coal has grown significantly over the past 15 years. After Russia and the United States, Colombia is the third most important coal supplier and is also of immense importance to Germany. The growing coal consumption and shrinking production in Germany over the last decade has led to the fact that coal imports have doubled from Colombia (more than eight million tons). ... →